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. >> if president obama and congress aren't able to avoid the fiscal cliff people here in california will be hit especially hard because of prop 30 which was voted into law back in november. it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink just over three and a half%. average earners 4% and top earners 6%. >> another sign the housing market is improving, the national association of realtors says pending home sales rose last month to the highest level in 2 and a half years. pending sales rose nearly 2% in november and that's the third month in a row it's gone up. >> amazon had a green christmas season. they announced the 2012 holiday sales were the biggest ever. they had s
--er responsibility. >> reporter: president obama is in hawaii. he says he will cut his vacation short to try to hammer out a deal. the deadline a week away. >> if congress does not get anything done, then taxes will most likely go up for everyone. just about everyone on january 1st. unemployment benefits will also expire for many people. >>> international envoy working to end syria's civil war worries won't be able to help. one man said bashar assad discussed possible steps forward but has made little progress because both sides seem to be more interested in fighting. >>> authorities in india used violence to stop a week of rape protests. armed police beat police with sticks. they are protesting the brutal rape of a woman on a bus. prime minister said the government would take tough action to prevent these crimes against women. >>> 47-year-old joe price died on saturday from a noncombat injury. a military official says his death is being investigated as a suspected poll san jose a strict new policy goes into effect at camp pendleton. marines will be subject to random breathalyzer test
houses of congress will reconvene tomorrow. the main sticking point remains tax increases on the wealthy. while some republicans suggest raising taxes for those earning at least a million, president obama and democrats want increases on anyone making more than $250,000 a year. >> we just can't afford a politically self-inflicted wound to our economy. the economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> in this morning's weekly address, the president says congress must meet the new year's deadline and pass a balanced plan that offers middle class tax cuts and reduces spending in a responsible manner. >> the president's proposal to raise taxes on the top 2% of americans won't even pay one third of the annual interest that's now owed on this massive $16 trillion debt. >> missouri senator roy blunt delivered the gop weekly address, saying the president's tax hike would only fund the government for eight days. >>> if no deal is reached, giving you a look at what could happen, 1.2 million out of work americans will lose their ext
of that fire is under investigation. >>> president obama says it is up to congress to find a way back from the so-called fiscal cliff. he reached out to republicans but the refusal to raise taxes on the rich has blocked negotiations. congress will reconvene today with a senate meeting in a little more than an hour from now. >>> a winter storm is dumping more snow on the east coast this morning. it comes days after another storm is being blamed for the death of 16 people. boston's mayor has declared a snow emergency as some parts of the east coast get ready for up to a foot of new snow. >>> many people don't like the snow others are pretty excited for that snow. sledders in new york took advantage of the snow and turned the park into a winter wonder land. some snow lovers even did a little cross country skiing. several inches have fallen in the area over the past few days. in west oakland a man says it felt like an earthquake when a tree came crashing down. a nearly 30-foot tree came down narrowing missing homes and cars. the tree had been there for at least 60 years. >>> in world news the
Search Results 0 to 3 of about 4